Armenia’s Anti-Corruption Court is reviewing an appeal filed by the country’s prosecutor general to seize a Yerevan home owned by former Armenian Chief of Police Vladimir Gasparyan.

Hetq, in a 2018 article, revealed how Gasparyan purchased the property, with a market value of US$3.5 million for a mere $200,000.

Gasparyan, who was ousted from the post of Armenia’s top cop after Nikol Pashinyan came to power in May 2018, now lives in the three-story house, located on a 2,836 square meter plot of land near Victory Park overlooking downtown Yerevan, with his family.

 Hetq revealed that Gasparyan was able to snatch the house, which was put up as collateral at AmeriaBank at a liquidation value of $1.8 million in 2013, at a fraction of its market value due to the intervention of several notable players – Arshak Hakobyan (former chief of Gasparyan’s security squad), Hayk Stepanyan (Gasparyan’s main adviser), businesswoman Silva Hambardzumyan, and various AmeriaBank officials.

At today’s court session, Gasparyan’s family attorney requested that the case be dropped given that the statute of limitations had expired.